Personal Bankruptcies Continue to Surge - NY Times

[duid12]

http://www.nytimes.com/aponline/business/AP-Bankruptcy-Surge.html

Filed at 5:18 p.m. ET

NEW YORK (AP) -- Personal bankruptcies continued at a record pace in the 12 months ended June 30 as Americans struggled with the debt they took on in the 1990s.

The American Bankruptcy Institute said Monday that personal bankruptcy filings totaled 1,613,097 -- an all-time high for any 12-month period. The figure was up 10 percent from the 1,466,105 cases filed in the 12-month period that ended June 30, 2002.

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